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Capillary Tech and Simplilearn secure $3M each from InnoVen Capital

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InnoVen Capital has invested $3 million each in Capillary Technologies and Simplilearn Solutions in the form of structured debt deals. Capillary provides a cloud-based customer relationship manager platform, while Simplilearn provides online professional certification courses.

Capillary had previously raised Rs 300 crore in a funding from Warburg Pincus, Sequoia Capital and Norwest Venture Partners in September last year. The company used this funding to buy digital commerce solution provider MartJack and machine learning startup Ruaha Labs. It has picked up a minority stake in CloudCherry, a customer satisfaction management firm and WebEngage, a software as a service provider.

Founded by Aneesh Reddy and Krishna Mehra in 2008, Capillary Technologies provides cloud-based software solutions for retail marketers to manage and analyze customer data and insights for personalisation on various platforms.

Simplilearn had raised $15 million in funding led by Mayfield and with participation from Kalaari Capital and Helion Venture Partners in April last year. At the time, the company planned to use the funds for expanding course coverage, and further expand in the US and other primary markets. Overall the company has raised a total of $30 million so far.

Note that, post funding last year, Simplilearn had acquired US-based digital marketing training company Market Motive for $10 million. Market Motive would continue to operate as an independent arm of Simplilearn. In 2014, the company had made a series of appointments: Gerald Jaideep was appointed as the Chief Operating Officer in November. In September, Simplilearn had also appointed Prashant Radhakrishnan as its Chief Sales Officer, while Quikr’s Gagan Singla had joined the company as its CMO in May.

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Launched in 2009, Simplilearn claims to currently offer more than 300 certification courses in Project Management, Big Data and Analytics, Virtualization and Cloud, IT Service Management, Microsoft Certification, Quality Management, Financial Management and more. It had added certification and training programs for 51 Microsoft tech certifications in addition to seven bundled all-in-one Microsoft certification programs in September last year. It claims to have 15,000 active learners every month, and to have trained over 4 lakh professionals till date.

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